Plan Snapshot
- Plan Sponsor: Cosco Shipping (North America) INC.
- Sponsor EIN: 942894112
- Sponsor Address: 100 LIGHTING WAY, SECAUCUS, NJ, 070943681
- Plan Type: 401(k)
- Total Participants: 477
- Total Assets: $101.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 477 | $101.4M | $1.2M | $4.3M |
| 2023 | 498 | $93.8M | $1.1M | $4.0M |
| 2022 | 512 | $84.4M | $1.1M | $3.8M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $257,280 | — | $257,280 |
| LPL FINANCIAL LLC - RPCP | INVESTMENT ADVISORY | — | $113,294 | $113,294 |
| RSM US LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RSM US LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $370,574
- Estimated Expense Ratio: 0.366% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $257,280 | — | $257,280 | — | — |
| 2023 | $229,441 | — | $229,441 | — | — |
| 2022 | $176,483 | — | $176,483 | — | — |